About FinTech sector in Coimbatore, India
The FinTech sector in Coimbatore, India comprises 123 companies, including 9 funded companies having collectively raised $555K in venture capital money and private equity.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Also known as
BFSI Tech
Top FinTech Companies in Coimbatore, India
There are 123 FinTech startups in Coimbatore, India which include Star Communications, InvestMates, Laxmi Kuberan Bullion, KGiSL, Emak Software. Out of these, 9 startups are funded.
Over the past 10 years, an average of 6 new companies have been launched annually.
Here is the list of top FinTech startups in Coimbatore, India
App-based platform for money transfer and bill payments. Payment can be done through a mobile application, online websites, SMS, and G talk. It features DTH connection booking, stock transfer or collection update, mobile and DTH operator finder, and DTH info and plans. Its service includes mobile recharges, money transfers, DTH, data cards, landlines, broadband, ticket booking, electricity, and others. Application is made available on Android platform.
Key facts about Star Communications
- Founded Year: 2012
- Location: Coimbatore (India)
- Stage: Funding Raised
- Tracxn Score: 43/100 What is this?
- Competitors Rank: 202 of 2,437 Competitors
2. InvestMates
Wealth managemnet platform. It help individuals manage investments and get insights. It integrates with multiple brokerages, MFs, crypto exchanges, and wallets to bring the consolidated portfolio. It provides insights, and analytics to help users make investing decisions. It offers an app that is available on both Android and iOS devices. It automatically sync all family financial accounts to a single unified dashboard.
Key facts about InvestMates
- Founded Year: 2022
- Location: Coimbatore (India)
- Stage: Seed
- Total Funding till date: $555K
- Investors: Quadrant Technologies
- Latest Funding Round: Seed, Apr 27, 2023, $*****
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 15 of 156 Competitors
App-based platform for investments in gold and silver. The company offers real-time updates on gold and silver prices.
Key facts about Laxmi Kuberan Bullion
- Founded Year: 2012
- Location: Coimbatore (India)
- Stage: Unfunded
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 5 of 76 Competitors
4. KGiSL
Provider of software, application, IT consulting, and infrastructure development services. It focused on insurance, capital markets, & wealth management segments. It has diverse interests in various fields like textiles, engineering, finance, healthcare, education, travel, and entertainment. It also a provider of specialty business process outsourcing services.
Key facts about KGiSL
- Founded Year: 1994
- Location: Coimbatore (India)
- Stage: Unfunded
- Tracxn Score: 35/100 What is this?
- Competitors Rank: 123 of 518 Competitors
Emak Software provides accounting software for businesses. It offers multiple products such as EzeInv for inventory & billing management, EzeCol for collection & loan management, EzeFin for hire purchase finance management, and EzePawn for pawn-broker finance management.
Key facts about Emak Software
- Founded Year: 2002
- Location: Coimbatore (India)
- Stage: Unfunded
- Tracxn Score: 34/100 What is this?
- Competitors Rank: 246 of 3,435 Competitors
Companies founded year-on-year in the FinTech sector in Coimbatore
12 FinTech startups in Coimbatore were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 1 |
2023 | 9 |
2022 | 7 |
2021 | 12 |
2020 | 10 |
2019 | 6 |
2018 | 10 |
2017 | 10 |
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Funding Trends in the FinTech sector in Coimbatore
Recent Funding Rounds in FinTech in Coimbatore
In the year 2023, till April 2023, FinTech companies in Coimbatore have raised $97.8K in equity funding across 1 round.
Here are some recent, important funding rounds in FinTech companies in Coimbatore:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7461 | Apr 27, 2023 | ||
Seed | 6628 | Jun 01, 2022 | ||
Seed | 5662 | May 2022 | - |
Top Investors in FinTech in Coimbatore
Summereverest is the top investor in FinTech companies in Coimbatore based on number of companies invested.
Here are some top investors in FinTech companies in Coimbatore:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Coimbatore (India) | - | |
Coimbatore (India) | ||
Coimbatore (India) | - | |
Coimbatore (India) | - | |
Coimbatore (India) | - |
Top News in FinTech in Coimbatore
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